Farm Management Fixed

Features and benefits

Farm Management Deposit Account is a fixed term account that provides primary producers with the opportunity to shift pre-tax primary production income from years when it is needed least to years when it is most needed.  This assists with the management of any exposure to adverse economic events and seasonal fluctuations.

Farm Management Deposit Account at a glance

• Minimum investment $1,000
• No account maintenance or transaction fees
• Choice of term – 28 days to 5 years
• Interest is paid directly into another nominated account held by you with Bank of Queensland
• Easy reinvestment, with automatic rollover at maturity for your choice of term
• No early withdrawal fee (although an interest adjustment may apply)
• Use Internet Banking for balance enquiries
• Very competitive interest rates
• Any additional deposit requires a new Farm Management Deposit account to be opened
• Withdraw funds, no minimum and no interest adjustments, during the renewal grace period (although this may affect your tax position)
• Access is restricted to this account. 

Easy reinvestment

Your investment will automatically rollover at the end of the investment term (unless you’ve given us other instructions). You can choose the new lodgement term in advance. If you prefer, we’ll notify you before your investment matures so you can make your choice based on current interest rates.

Interest rates

Interest is calculated on daily balances and credited to your account in line with your payment instructions.

Term in months	Term in days	$1 to $999	$1,000 to $400,000
Less than 1	1-27	Nil	1.45
1	28-58	Nil	4.00
2	59-88	Nil	4.00
3	89-119	Nil	5.40*
4	120-149	Nil	4.40
5	150-180	Nil	4.40
6	181-211	Nil	5.60*
7	212-241	Nil	4.40
8	242-272	Nil	4.50
9	273-302	Nil	4.50
10	303-333	Nil	4.60
11	334-364	Nil	4.60
12	365-729	Nil	5.70*
24	730-1094	Nil	5.20
36	1095-1459	Nil	5.20
48	1460-1826	Nil	5.20

• All rates quoted are per annum.
• Minimum investment amount and account balance is $1,000.
• Interest is calculated daily and paid at the end of the investment term or, in the case of investments longer than 12 months, paid annually.
• If you choose to receive your interest payments on a monthly basis, the applicable interest rates will be 0.25% p.a. less than the end of term interest rate quoted above.
• If you withdraw your funds before the end of your investment term, an interest adjustment will apply and you will sacrifice some of the interest that you would have received.

How to apply

Important information

Please view the terms and conditions listed below on the Terms and Conditions page:

• Business Banking Guide to Fees and Charges
• Business Transaction and Investment Accounts Terms and Conditions